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President Papoulias briefed political party leaders on the situation faced by banks

16. May 2012. | 10:48

Source: AMNA

President of the Republic Karolos Papoulias was very alarmed when he briefed the political party leaders on Monday evening on the situation the banking institutions are in, according to the meeting’s minutes posted on the Greek presidency website on Tuesday.

President of the Republic Karolos Papoulias was very alarmed when he briefed the political party leaders on Monday evening on the situation the banking institutions are in, according to the meeting’s minutes posted on the Greek presidency website on Tuesday.

New Democracy (ND) leader Antonis Samaras, PASOK leader Evangelos Venizelos and Democratic Left leader Fotis Kouvelis were briefed by President Papoulias that according to Bank of Greece (BoG) Governor Giorgos Provopoulos “the banks are in a very difficult situation”.

“By 4:00 p.m. when I called him on the phone, bank account withdrawals and capital outflow had exceeded 600 million euros and were close to 700 million euros,” the president said, according to the minutes made public, adding “Provopoulos told me that there is no panic but there is great fear which could evolve into panic. He also said that, at the moment, the banks’ resilience is close to its limits.”

President Papoulias underlined the need to form a government and also said that he had a telephone communication with European Commission President Manuel Barroso “who is concerned”.

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16. May 2012. 19:58:40

| Ime

0

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Its letters are hidden still inside the ink.
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................................

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...................

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